diamonds & dogs
JAMIE CARR: Connected and infected
The old image of an acne-ridden pizza addict in a darkened room breaking into networks for a laugh is way out of date
Fortune favours the ambitiousIt’s unusual to give a company a pat on the back when its headline EPS have just done a tidy impression of a particularly self-destructive lemming. But Life Healthcare has taken a short-term hit in the interest of setting up a decidedly ambitious future. Readers of the national tea leaves may be wailing, however, as the company has decided that if it is to spread its wings it needs to reduce its dependence on the local market and peddle its wares in pastures greener.The plan is to shift from being an SA-focused acute-care group into an international diversified health-care provider. And to hurry the process along, it has chucked a perky R14.3bn at the acquisition of Alliance Medical, one of Western Europe’s leading providers of complex molecular and diagnostic imaging services. It has strong market positions in the UK, Italy and Ireland, and has a platform to expand its offering in 10 more European markets. There are numerous structural reasons why this ...
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